Sneaker big NIKE, Inc. (NYSE: NKE) reported a decline in earnings for the primary quarter of fiscal 2026. In the meantime, the underside line got here in above Wall Avenue’s expectations.
The corporate reported web earnings of $727 million or $0.49 per share for the primary three months of FY26, in comparison with $1.05 billion or $0.70 per share within the year-ago quarter.
First-quarter revenues had been $11.72 billion, in comparison with $11.59 billion within the prior-year quarter. Wholesale revenues had been $6.8 billion, up 7% on a reported foundation and up 5% on a currency-neutral foundation.
Nike’s CEO Elliott Hill stated, “While we’re getting wins under our belt, we still have work ahead to get all sports, geographies, and channels on a similar path as we manage a dynamic operating environment. I’m confident that we have the right focus in Win Now and that our new alignment in the Sport Offense will be the key to maximizing NIKE, Inc.’s complete portfolio over the long term.”
